15826 Coram Street, Detroit, Michigan 48205

$124,999

Property Details

MLS#: 20251054455
Bedrooms: 5
Bathrooms: 2
Square Feet: 1,546
Price per Sqft: $81
Lot Size: 0.12 acres
Year Built: 1942
Property Type: Residential
Status: Active
Days on Market: 73

Market Analysis

Estimated Value (CMA): $52,564
Area Avg Price/Sqft: $34
This Property: $81/sqft ($47 above area average)
Price Position: +138.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

REDUCED! LOCATED JUST 7 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE, YOU WILL FIND 15826 CORAM NESTLED ON A 5,227 SQUARE FOOT LOT IN THE QUIET REGENT PARK NEIGHBORHOOD OF HOMEOWNERS. THIS CROW JEWEL BOASTS A BRAND NEW TEAR OFF 40 YEAR SHINGLE ROOF WITH ALL NEW WINDOWS AND SIDING. SHE HAS RECENTLY BEEN REMODELED AND BOASTS 5 SPACIOUS BEDROOMS AND 2 BATHROOMS. IN ADDITION, THIS HOME HAS BRAND NEW ELECTRICAL, PLUMBING, AND NEWER FURNACE/HOT WATER TANK TO ENSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY WAS JUST RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,850 ARE ALL PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN 22% CASH ON CASH RETURN. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 15826 Coram Street?

15826 Coram Street is listed at $124,999, or $81 per square foot.

How many bedrooms does 15826 Coram Street have?

This property has 5 bedrooms and 2 bathrooms, with 1,546 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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